Press release
Skin Boosters: Aesthetic Innovations for Youthful Radiance
According to The Business Research Company's, The skin booster market size has grown strongly in recent years. It will grow from $1.07 billion in 2023 to $1.18 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to cosmetic industry evolution, advancements in cosmetic science, rising beauty consciousness, medical aesthetics influence, celebrities and influencers endorsements..
The skin booster market size is expected to see strong growth in the next few years. It will grow to $1.72 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to rising demand for non-invasive procedures, targeted and customized solutions, digitalization in beauty industry, aging population demands, rising beauty consciousness.. Major trends in the forecast period include ai enabled natural and clean beauty, hydration focus, customized solutions, product innovation.
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Market Drivers and Trends:
The demand for wrinkle treatment is expected to propel the growth of the skin booster market going forward. Wrinkle treatment refers to the treatment provided to creases, folds, or ridges in the skin using creams, laser therapy, Botox, and others to help reduce the appearance of wrinkles to enhance beauty. Skin boosters are commonly used in wrinkle treatment where hyaluronic acid is injected skin to improve skin texture, elasticity, and moisture by enhancing hydration and volume of skin and helping in creating a more youthful appearance. For instance, in 2020according to the report published by the American Society of Plastic Surgeons, around 811,000 Botox operations, a procedure used to reduce wrinkles, were performed on adults in their 30s, accounting for nearly 18% of the national total. Therefore, the demand for wrinkle treatment is driving the growth of the skin booster market.
Technological advancement is a key trend gaining popularity in the skin booster market. Major companies operating in the skin boosters market are more focused on developing product innovations to sustain their position in the market. For instance, in February 2023, The Beauty Health Company, a US-based personal care company partnered with Omorovicza, a Hungry-based skin care company, advanced skin renewal booster with patented healing concentrate for a more youthful complexion. The Healing Concentrate is blended with other necessary components before being given using HydraFacial's proprietary magic wand handpiece and vortex fusion technology, allowing the contents to permeate the skin. The Hydrafacial x Omorovicza formula contains the following key ingredients such as retinol and vitamin C, hyaluronic acid and niacinamide, amino acids, and arabinogalactan.
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Major Key Players of the Market:
Allergan plc; Galderma S.A.; Merz Pharmaceuticals GmbH; Bloomage BioTechnology Corporation Limited; Teoxane Laboratories; Filorga; Professional Derma SA; IBSA Group; Lemonbottle SA; Fox Group International; Sinclair Pharma; BioScience GmbH; Vivacy Laboratories; SciVision Biotech Inc.; Prollenium Medical Technologies Inc.; MD Skin Solutions; Cytocare International; Cellfill SA; BCN Medical Institute; Hymagic Corporation; Skin Tech Pharma Group; Regenyal Laboratories LLC; Bioxis Pharmaceuticals Inc.; Aqtis Medical Inc.; Q-Med AB; Luminera Derm; Suneva Medical Inc.; Polymekon Incorporated; Fidia Farmaceutici S.p.A.; Aesthetic Dermal LLC; Genyal Global
Skin Booster Market 2024 Key Insights:
• The skin booster market will grow to $1.72 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%.
• How Wrinkle Treatment Fuels The Ascendancy Of The Skin Booster Market
• Innovative Technological Advancements Shaping The Skin Booster Market Landscape
• North America was the largest region in the skin boosters market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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